HashKey taps Hong Kong's first regulated stablecoin to settle insurance and trade deals
Following institutional trials, the HKDpegged asset is being put to work to capture part of Hong Kong's $49 billion trade corridor with the United Arab…
Cash App's crypto support expands beyond bitcoin and USDC via MoonPay
Eligible Cash App users will be able to use their balances to purchase digital assets offered by MoonPay, which include ether, solana and stablecoin USDT.…
Visa looking for new stablecoin settlement partner after BVNK sale to Mastercard
Visa’s request for product (RFP) talks about the need to support a range of stablecoins. Source：CoinDesk
XRP slips below $1 even as a Korean regional bank adopts Ripple Payments
Jeonbuk Bank will use Ripple’s 24/7 crossborder payment service for business remittances, but it is unknown whether the flows will use XRP or Ripple’s RLUSD…
US Treasury moves forward with rules on GENIUS Act after July deadline
The stablecoin bill signed into law last year is scheduled to go into effect in January 2027, potentially without finalized regulations from US government…
U.S. Treasury Department proposes GENIUS Act stablecoin rule
The Treasury proposal would establish some of the core definitions and jurisdictions in the law Congress completed last year. Source：CoinDesk
The stablecoin yield clash that won't go away has banks, crypto battling over tradition
The bankers want people kept in loweryield deposits for the good of the financial system as it's existed for generations, and their argument is gaining ground.…
Galaxy lowers CLARITY Act odds to 10%
Galaxy cited unresolved ethics, stablecoin yield and developer protection issues, along with a narrow Senate window when lawmakers return in September.…
RedotPay said to put $1 billion U.S. IPO plan on hold: Bloomberg
A spokesperson for the stablecoin payments company declined to comment on any IPO plans. Source：CoinDesk
Tether says it completed long-promised 'Big Four' audit of finances behind $180 billion USDT stablecoin
KPMG U.S. examined Tether's books and even counted its gold bars as the $180 billion USDT issuer said it completed its longpromised financial audit.…
Bank of England tests stablecoin, digital pound interoperability in cross-border payments
The Digital Pound Lab is testing a crossborder trade finance flow combining stablecoin payments with simulated digital pound settlement. Source：Cointelegraph
HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin
HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape.…